Report Code: A07229 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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A turboexpander, also known as an expansion turbine, is a centrifugal or axial flow turbine in which a high-pressure gas expands to produce useful work, which is used to drive an equipment or a machinery. It is majorly used for recovering energy when the pressure of a gas stream needs reduction. A turboexpander exhibits a power range from 7.5 MW to 750 MW, and is used in industries for refrigeration processes such as extraction of ethane and natural gas liquids from natural gas, and for liquefaction of other gasses. it operates on the principle of Joule–Thompson technique, and has three major functions, which include expansion compressor, expansion generator, and expansion brake. Turboexpanders are manufactured abiding by some specific guidelines to sustain extreme conditions in the industries.
COVID-19 scenario analysis
The outbreak of the COVID-19 pandemic has severely impacted the global turboexpander market.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Surge in usage of natural gas for the generation of electricity has acted as a major driver of the global turboexpander market. Presently, major industries are shifting from using coal toward the application of natural gas as a source of fuel for power generation. This has increased the usage of pipelines, thus boosting the application of turboexpanders for more energy-efficient processes. In addition, turboexpander finds its application in cryogenic plants for the production of propane, ethane, and butane.
However, high procurement cost for turboexpanders is anticipated to have negative impacts on the growth of the turboexpander market. On the contrary, governments of many countries are coming up with favorable regulations to promote the use of clean fuel in the industries, which are anticipated to offer remunerative opportunities for the expansion of the global market.Â
Key benefits of the report
Questions answered in the global turboexpander market research report:
Turboexpander Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Cryostar, Atlas Copco, Elliott Group, Honeywell International Inc., Turbogaz, Hangzhou Hangyang Co. Ltd., Fluidmechanics Inc., Havacaran Industrial Technologies Co., Texan Turbine Inc., Cryogenic Industries Inc. |
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